I filed my ITR for FY 23-24 on 24th July. At the time, the tax utility allowed a rebate under Section 87A on Short-Term Capital Gains (STCG). However, today I received a demand notice from the Income Tax Department (ITD) for this. Is there any remedy available?
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Rebate u/s 87A on short term capital gains
Replies (3)
I think the simplest way is pay tax and forget it.
No need for any revision of returns etc.
I would also like to be corrected in my aforesaid thinking.
File rectification request or raise a grievance if you want to fight
If not can pay the same and finish it off
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